Recent filings have revealed that Samsung Electronics has decreased its stake in ASML, a semiconductor manufacturing equipment maker, by 50%.
In its semi-annual report, the South Korean technology giant stated that it held 2.75 million shares in the Dutch company as of the end of June, a decrease from the 6.3 million shares reported in its first quarter.
According to the latest share prices, the stake sold by Samsung is valued at approximately 2.1 billion euros. Reports from local media suggest that Samsung intends to utilize the proceeds for the development of new memory chip production lines. However, the sale has brought Samsung stake in ASML down to 0.7%. While a Samsung Electronics spokesman confirmed the stake sale, no further details were provided.
